
See exactly how EMXC's revenue becomes profit — a Sankey that traces revenue (and its reported segments) through gross profit, operating expenses, and net profit, with the year-over-year change on every line.
The same diagram the Chart Builder draws, right on the Summary tab. Upgrade to unlock it for EMXC and 80,000+ other tickers.
This iShares Exchange Traded Fund (ETF), known as the MSCI Emerging Markets ex China ETF, aims to replicate the investment performance of a benchmark index. This underlying index is composed of equities from large and mid-sized companies operating in emerging economies globally, with the explicit exclusion of any Chinese-based firms.

When Chinese equities perform well, the fund benefits from that allocation. When China struggles, the country's weighting can become a drag on overall emerging market returns.

The action in Emerging Markets ETFs this year has been really interesting to watch. From record-breaking asset flows to impressive results, albeit massively dispersed, this category of funds has had quite a ride so far in 2026.

Three funds dominate the emerging markets ex-China conversation right now, and each one has put meaningful daylight between itself and the S&P 500 so far this year.

The S&P 500 is up about 8% year to date. The same money parked in iShares MSCI Emerging Markets ex China ETF (NASDAQ:EMXC) is up roughly 29.2%.

Amid President Trump's meeting in China, ex-China ETFs offer investors emerging markets growth without the China headline risk.